The much-awaited banknotes of Rs 200 denomination which were introduced by the Reserve Bank of India (RBI) on August 25 are likely to take another three months to reach ATMs, according to media reports.

Due
to the recalibration of the ATM machines, the time-period for
dispensing of new currency notes could exceed to approximately 3
months.

In
Focus

Regarding
this, some ATM companies have been asked to start testing with
the
new currency notes for recalibration of the machines which have yet
not been recalibrated by the manufactures, as per reports. However,
there is no official confirmation by the RBI over the news.

Earlier,
the Central Bank had
said
that it would increase the supply of the new Rs 200 banknotes.

"The
production of Rs 200 notes is being ramped up by the currency
printing presses, and over time as more notes are printed, it will be
distributed across the country through the banking channels and will
be available for public in adequate quantity," RBI said in a press
release.

At
present, only selected RBI offices and banks are offering the newly
issued Rs 200 banknotes.

The
bright yellow coloured Rs 200 banknote
is 66mm
x 146mm in
size; having
a portrait of Mahatma Gandhi at the center,
it
also
carries
a
logo of Swachh Bharat campaign with theslogan.
Bearing
the
signature
of RBI Governor – Urjit Patel, the
new denomination note
has
a motif of the Sanchi Stupa on the reverse side.